A Blockchain-Based Government Fund Management System Submitted

Abstract

Blockchain is a technology that can provide us with features like immutability, transparency, traceability, decentralization, and many more. Blockchain is being used in identity management, cryptocurrency, supply chain management, and many more. In recent years using of blockchain in finance, supply chain, and data-storing sectors has increased significantly. As it provides immutability and openness, it can be used in government fund supply. When government allocates funds for specific purposes and people, in most cases there is no knowledge of the recipient’s identity. Some corrupt people take advantage of the handwritten system and put the wrong people’s names for their benefit. To solve these issues, a Blockchain-based platform(DAPP) has been proposed in this research. A decentralized identity proof and fund transfer system has been proposed here. People who need the fund can apply through this DAPP with the proper documentation. The authority can verify these documents and provide approval decisions on the DAPP. For example, the election commission office can confirm if the provided NID is original or not, the land office can confirm if that person has any land or not. After collecting approval, a candidate list will be sent to the admin and the admin will allocate a hash for the candidate. After providing this hash to integrated mobile banking, one can collect cash. A prototype of this DAPP is discussed at the end of this thesis. I have used the Ethereum blockchain platform for this prototype. In the future, this can be developed using any kind of public or private blockchain platform.